Cambria Automobiles Share Discussion Threads

[sunshine today] 06/5/2022 15:35

Looking like shareholders had a lucky escape here as predicted.

Other listed car dealers have seen sharp falls as the consumer boom had ended, almost overnight .

[effortless cool] 09/3/2022 13:07

Glad to help and best of luck to you.

[ih_219212] 09/3/2022 13:06

Dear Effortless Cool,

Thank you for your response. I am a foreigner investor (out of the U.K.). My broker is a foreign bank. So far they know nothing and they are now checking with their custodian. Very odd.
Thanks again for your prompt response.

[effortless cool] 09/3/2022 09:43

Yes, on 6 October last year. You need to follow up urgently with your broker.

[ih_219212] 08/3/2022 22:29

Did you receive the funds? I am one of the small holders of past Cambria Automobiles shares. So far I have not received the funds for the tender offer.

Thanks.

[effortless cool] 23/2/2022 12:39

Accounts for 2020/21 published today.



EPS 17.0, meaning the takeover was at an historical PE ratio of 4.9x.

Anyone else feeling shafted?

[kb267] 30/11/2021 15:55

Anyone know what the date of transfer of funds on compulsory purchase is for shareholders is?

[effortless cool] 22/9/2021 17:34

Strange, trading above the offer price today.

[mw8156] 16/9/2021 16:50

had now to accept the offer, not very generous in the light of statements coming out from others eg Pendragon,Vertu,Marshalls, even Caffyns agree that the company has to be worth more presently...when are we likely to receive the money?

[joe say] 13/9/2021 07:42

Unfortunately so - I for one will be monitoring the reported profits at Companies House going forward

This charlatan, as is the norm in the UK, has been given carte blanche to rip shareholders off whilst the FCA and the LSE do diddly squat

Head in the sand attitude that imo will cost them in the longer term

[gaiusgracchus] 13/9/2021 07:30

Game over. We lost

[sunshine today] 10/9/2021 13:15

So, will small shareholders know their fate by 8AM Monday.?

OR

Has a higher offer arrived to save the day.

[gaiusgracchus] 06/9/2021 08:11

They're just 241k shares short of getting 75% acceptance. And they've extended the voting deadline to Friday. Fingers crossed no one changes their vote this week.

[effortless cool] 29/8/2021 07:52

This investor (PFH Capital) points out that CAMB have omitted any information as to gross margin from their latest trading update, in contrast to previous trading updates that they have issued.



The obvious conclusion, in my opinion, is that this information looks very goood (which would be in line with peers), so they have deliberately failed to disclose, instead only quantifying the reductions in volume (the bad news).

[gaiusgracchus] 28/8/2021 21:33

https://twitter.com/PFHCapital/status/1431461741674782725?s=19

[carefree3] 27/8/2021 16:31

Received a desperate phone call clearly encouraging me to tender my shares

This company has behaved so unethically as have the advisors standing behind them - a 2:54 RNS

Where is the FCA?

What on earth do they do for their salaries?

And where's the LSE - if you think this encourages UK share ownership then dream on

[effortless cool] 27/8/2021 16:02

It looks like the FT article may have shamed the Board into a trading update ... naturally, late on a Friday afternoon ahead of a Bank Holiday.



And they will be extending the offer, so clearly falling short of 75% at present.

[joe say] 27/8/2021 07:46

Thanks aim300 - every voice/vote counts

[gdjs100] 26/8/2021 15:17

You are Mark Lavery and I claim my five pounds

[sunshine today] 26/8/2021 14:34

Remember, the institutions that have agreed to the offer, have just played the same card they always play. ( Standard practice).

They sell, at the very moment things pick up.

Time and time again the trick is to purchase stock from them for a song.

That’s just what the big man is doing here.


Now over to the FT.

The most valid point being that it’s normally a low margin high cost business.

It will only take a rise in interest rates to kill the show dead, and bust most of the players in the market.

I would go so far as to say it’s 50/50 that in 2 years time the offer costs HIM (not today’s shareholders who accept it,) dear. !!


On Balance ( not a holder here ):


The shares have risen a lump since the spring, but are clearly worth a bit more.

Are small shareholders being had over ?

The answer is in my view : No

For starters it’s AIM and any investor only needs to look at the chances of being taken to the cleaners by a large shareholder.

Next, all parties need to win, small shareholders are getting far more since the offer was announced

The way forward will be for the vote to fail, and shareholders demand it’s put up for open sale.

Then others can take a look at its low cost model, and buy the complete show off him and you for a higher price.

Not sure that’s not the game plan anyhow. !!


Just pray that happens prior to todays market steam turning to water.

Good luck.

[effortless cool] 26/8/2021 13:55

Good stuff. Thanks for the link.

[gdjs100] 26/8/2021 13:35

FT particularly scathing of the offer...

[effortless cool] 26/8/2021 13:26

Thanks. If you haven't done so already, can you contact [e-mail] so that they can add your shares to the total of confirmed non-supporters.

[aim300] 26/8/2021 12:48

Great, thanks. Just voted against. The decision is definitely a straightforward one.

[effortless cool] 25/8/2021 15:33

Glenville Capital have confirmed that the deal fails if BidCo do not reach 75%, and no shares are purchased.